Leon williams is an investor in the springfield corporation. On January 1st, 2021 he purchased 150 shares of the corporations capital stock at a price of $45 per share. On october 15, 2021 springfield distributed a cash dividend of $1.50 per share to its stockholders. On December 31, 2021, springfields stock is selling $47 per share. What is the annual rate of return on Williams investment during 2021, rounded to one decimal point? 

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To calculate the annual rate of return on Williams investment during 2021 we need to consider the ca... View the full answer